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With Globalization and Import Competition,U.S.prices Have Generally

question 13

Multiple Choice

With globalization and import competition,U.S.prices have generally:


Definitions:

Savers

Individuals or organizations that set aside a portion of their income for future use, often by depositing it into financial accounts that earn interest.

Borrowers

Individuals or entities that receive funds from a lender under the condition of returning it typically with interest.

Legal Tender

The officially recognized form of money that must be accepted if offered in payment of a debt.

Federal Reserve Note

The official paper currency issued by the Federal Reserve in the United States, commonly known as the dollar.

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